As of what date were the Clean Your Dirty Face balance sheets prepared?
Clean_Your_Dirty_Face Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the accompanying financial statements of Mud Franchising LLC (a North Carolina LLC), which comprise the balance sheets as of December 31, 2024 and 2023, and the related statements of income, member's equity, and cash flows for the years then ended, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Mud Franchising LLC as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 54)
What This Means (2025 FDD)
According to Clean Your Dirty Face's 2025 Franchise Disclosure Document, the balance sheets for Mud Franchising LLC, which is the parent company of Clean Your Dirty Face, were prepared as of December 31, 2024, and December 31, 2023. These balance sheets are part of a larger set of financial statements that also include statements of income, member's equity, and cash flows for the years then ended.
The inclusion of balance sheets for two consecutive years allows prospective Clean Your Dirty Face franchisees to compare the company's financial position over time, assessing trends in assets, liabilities, and equity. This comparative analysis can help franchisees evaluate the financial stability and growth trajectory of Clean Your Dirty Face.
The financial statements were audited by an independent auditor, and their report expresses an opinion that the financial statements present fairly the financial position of Mud Franchising LLC as of December 31, 2024 and 2023. This opinion is based on audits conducted in accordance with generally accepted auditing standards in the United States of America, providing a level of assurance regarding the reliability of the financial information presented. The auditor's report is dated March 17, 2025.